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11/25/2008 News For:

Refinance Pittsburgh Mortgage

Fed says it will buy mortgage-related assets   The Federal Reserve said Tuesday it will buy up to $600 billion in mortgage-backed assets in another attempt to deal with the financial crisis.

UK mortgage approvals halved from year ago   Mortgage lending in Britain has more than halved over the past year, according to the British Banker's Association ? further evidence that the economic downturn is dramatically hurting the country's property market.

Fed announces new mortgage-support program   The Federal Reserve, in another massive life-support intervention for the U.S. financial system, on Tuesday announced a $600 billion program to buy mortgage-related debt and securities and a $200 billion facility to buy consumer debt securities,

Mortgage lending feels the strain  The slump in mortgage lending by the UK's biggest banks continued in October, a banking body says, with approvals down 52%.

New mortgage lending 'to shrink'  A review panel will be set up to monitor lending as a report warns new mortgage lending could shrink in 2009.

Fed to buy mortgage-related assets   WASHINGTON---- The Federal Reserve says it will buy up to $600 billion in mortgage-backed assets in another attempt to deal with the financial crisis.

Freddie Mac plunges into mortgage-backed securities market  The company's purchase of $27 billion worth of the debt instruments helps keep home loan rates steady but doesn't lower them. Freddie Mac increased its support for the nation's ailing home loan market in October, in part playing the role the government had in mind when it seized the mortgage loan giant.

Wachovia's Waterbury mortgage office shutting down  Wachovia Corp. says it will be shutting down its retail mortgage processing operation in Waterbury early next year, costing about 65 people their jobs.

Fed to buy $600B in mortgage-backed assets  Federal reserve announces purchases of up to $600 billion in mortgage-backed assets to deal with financial crisis, Bloomberg reports. The Commerce Department says GDP shrank by 0.5% in the last quarter as American consumers throttled back on their spending by the most in 29 years, Reuters reports

UK mortgage approvals halved from year ago  Mortgage lending in Britain has more than halved over the past year, according to the British Banker's Association _ further evidence that the economic downturn is dramatically hurting the country's property market. The number of new home mortgages approved...